Retirement plan

FC INDUSTRIES INC EMPLOYEES RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Name: F.C. INDUSTRIES, INC. - FC INDUSTRIES INC EMPLOYEES RETIREMENT SAVINGS AND PROFIT SHARING PLAN (2019) Form 5500
Creator: F.C. INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FC INDUSTRIES INC EMPLOYEES RETIREMENT SAVINGS AND PROFIT SHARING PLAN, F.C. INDUSTRIES, INC.

F.C. INDUSTRIES, INC.EIN 31-1264992Plan #001PY 2019

4900 WEBSTER STREET - DAYTON, OH 454144831937-275-8700

Prospect flagsLow returnsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.7M

+3.3% from 2018

Total participants

329

+13.1% from 2018

Average account balance

$45,657

-5.3% from 2018

Annual return

7.10%

-1.67 pp from 2018

Benchmarks

See 2,415 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,415 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$18.39M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$59K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

310

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$259

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
SOUND FINANCIAL, INC.4+ years Filed as: SOUND FINANCIAL Service code 26 320 JAMES E. BOHANAN DRIVE · VANDALIA, OH 45377	Advisory (Participants)	$19,164
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP Service code 27 300 INTERNATIONAL PARKWAY · HEATHROW, FL 32746	Advisory (Plan)	$15,970
IPS RIA, LLC4+ years Filed as: IPS Service code 13 · EIN 72-1396518 4800 I-55 NORTH · JACKSON, MS 39211	Contract Administrator	$14,628
EPIC RETIREMENT PLAN SERVICES3 years Filed as: RETIREMENT PLAN ADVISORS Service code 17 9467 MONTGOMERY ROAD · CINCINNATI, OH 45242	Pension Consulting	$10,000
DYNAMIC PENSION SERVICES, INC.4+ years Filed as: DYNAMIC PENSION SERVICES, INC Service code 15 · EIN 31-1588572 2176 HEWITT AVENUE · KETTERING, OH 45440	Recordkeeping	$9,199
LT TRUST COMPANY1 year Filed as: MG TRUST Service code 19 · EIN 01-0609808	Securities Custodian	$5,219

Plan features & details

Pension benefit codes2E2G2J2K3D3H2F2S

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$78K

$269 / participant

Other / not subdivided$78K100.0%

% of EOY assets

0.568%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLARK, SCHAEFER, HACKETT & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,657

$73,404-37.8%

$87,104-47.6%

$67,579-32.4%

Participation rate

90.0%

80.9%+9.1pp

76.9%+13.1pp

71.3%+18.7pp

Annual return

7.10%

48.29%-41.2pp

28.19%-21.1pp

378.56%-371.5pp

Employer contribution / active EE

$565

$2,014-72.0%

$2,521-77.6%

$2,148-73.7%

Participant deferral / active EE

$2,913

$3,913-25.6%

$4,048-28.0%

$3,539-17.7%

Admin fee / account holder

$259

$142+83.0%

$7,491-96.5%

$142+82.1%

Provider

Service type

Compensation

SOUND FINANCIAL, INC.4+ years

Filed as: SOUND FINANCIAL

Service code 26

320 JAMES E. BOHANAN DRIVE · VANDALIA, OH 45377

Advisory (Participants)

$19,164

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT GROUP

Service code 27

300 INTERNATIONAL PARKWAY · HEATHROW, FL 32746

Advisory (Plan)

$15,970

IPS RIA, LLC4+ years

Filed as: IPS

Service code 13 · EIN 72-1396518

4800 I-55 NORTH · JACKSON, MS 39211

Contract Administrator

$14,628

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: RETIREMENT PLAN ADVISORS

Service code 17

9467 MONTGOMERY ROAD · CINCINNATI, OH 45242

Pension Consulting

$10,000

DYNAMIC PENSION SERVICES, INC.4+ years

Filed as: DYNAMIC PENSION SERVICES, INC

Service code 15 · EIN 31-1588572

2176 HEWITT AVENUE · KETTERING, OH 45440

Recordkeeping

$9,199

LT TRUST COMPANY1 year

Filed as: MG TRUST

Service code 19 · EIN 01-0609808

Securities Custodian

$5,219

FC INDUSTRIES INC EMPLOYEES RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FC INDUSTRIES INC EMPLOYEES RETIREMENT SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion